EUROPE 5G INFRASTRUCTURE MARKET FORECAST 2020-2025

EUROPE 5G INFRASTRUCTURE MARKET FORECAST 2020-2025

The European 5G Infrastructure market is predicted to reach a CAGR of 63.70% over the estimated period of 2020-2025. The market region is projected to grow moderately due to an increase in investment in the development of smart infrastructures. A rising number of digital electronics devices, advanced virtual systems, and the adoption of advanced electronic devices, are the factors driving growth opportunities in the region. The growth of the 5G infrastructure market in Europe is studied further by dividing the region into countries such as Germany, Russia, the UK, Poland, France, Italy, Belgium, and the rest of Europe.

The European 5G Infrastructure market is predicted to reach a CAGR of 63.70% over the estimated period of 2020-2025. The market region is projected to grow moderately due to an increase in investment in the development of smart infrastructures. A rising number of digital electronics devices, advanced virtual systems, and the adoption of advanced electronic devices, are the factors driving growth opportunities in the region.

The growth of the 5G infrastructure market in Europe is studied further by dividing the region into countries such as Germany, Russia, the UK, Poland, France, Italy, Belgium, and the rest of Europe. The UK government is taking the initiative for the deployment of the 5G trials and testbeds in both urban and rural areas. The government allocated 25 million euros for 5G networks. Further, three universities started working together to develop a 5G network with the help of 16 million euros received from the government. In Germany, due to the digital transformation in information and communication technology, the prospect of 5G is anticipated to change every aspect of Germany’s consumer and industrial sectors. In March 2018, Deutsche Telecom laid the foundation of 5G in Germany by deploying six cells with 5G antennas in Berlin.

In countries like France, the government efforts to boost technological advancements are the primary factors for the growth of the market. As per the French government and ARCEP, the target of the 5G roadmaps includes allocating new frequencies, improving the 5G infrastructure, and increasing the fiber network. Italy’s large telecom market has benefitted from progressive government programs aimed at developing the fiber broadband sector. Italy’s vibrant mobile market has one of the highest penetration rates in Europe. Italy’s two major telecom companies, Vodafone Italy and Telecom Italia bought spectrum for deployment of 5G services.

Vodafone Group PLC, headquartered at Berkshire, UK, is a mobile and telecommunications company that provides 5G services commercially in five European countries.